Zip lookup · OR

97540
Talent, Oregon.

Talent, Jackson County, OR · Medford, OR metro · population 8,323

What it costs per month · 97540 $2,302/mo

to buy the typical home at today's mortgage rate — +$1,036 (+82%) since Jan 2020.

What the home itself did
1 year
Up $9,282 +2%
$429,344$438,626 since Sep 2025
5 years
Up $23,816 +6%
$414,810$438,626 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 97540 $2,302 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 97540$2,302
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 62 years.

Typical home values in zip 97540 rose 2.2% over the past year — faster than the nation's +1.2%.

Zillow also publishes an index for the city itself: Talent, OR — measured over the city limits, which is a different area from this zip.

Asking rent $1,921 as of Sep 2026
Typical home value $438,626 as of Sep 2026
+2.2%year on year

Asking rent — 97540

Against the Medford, OR metro and the national benchmark.

$1,900 $2,000 $2,100 2026 97540 $1,921 Medford $1,848 United States $1,932
$1,900 $2,000 $2,100 2026
  • 97540$1,921
  • Medford$1,848
  • United States$1,932

Typical home value — 97540

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 $450,000 2018 2020 2022 2024 2026 97540 $438,626 Medford $431,210 United States $366,157
$250,000 $300,000 $350,000 $400,000 $450,000 2018 2022 2026
  • 97540$438,626
  • Medford$431,210
  • United States$366,157

Within 20 miles

Miles sorted ascending, activate to sort descending Zip activate to sort by Zip City activate to sort by City Population activate to sort by Population Rent activate to sort by Rent Home value activate to sort by Home value
5.7 97535 Phoenix 4,804 $1,462 $395,791
8.4 97501 Medford 44,670 $1,688 $362,561
9.8 97504 Medford 51,089 $1,850 $440,922
13.9 97520 Ashland 26,512 $2,181 $541,690
16.0 97530 Jacksonville 8,860 $2,092 $599,186
17.1 97502 Central Point 29,067 $2,054 $414,191
17.8 96044 Hornbrook 1,143 — $234,658

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.